Fund management titan Franklin Templeton has launched its Franklin OnChain US Government Money Fund on the layer-1 Solana blockchain.

Wall Street giant Franklin Templeton said on Wednesday that its OnChain U.S. Government Money Fund, aka FOBXX, is now available on Solana.

Franklin Templeton, a US-based financial services company with $1.6 trillion worth of assets under management, announced on Feb. 12 that it had launched its OnChain US Government Money Fund (FOBXX) on layer-1 blockchain Solana.

The Solana price jumped 1% after Franklin Templeton launched its US Government Fund on Solana as this SOL layer-2 ICO goes parabolic.

Franklin Templeton has stepped up by registering the “Franklin Solana Trust” in Delaware. This could be a hint at possible plans to launch an